What about avoiding YouTube all together? How about this instead: Recognize that trading is simple. Simple, but not easy. Good trading is simply good math and the good math is relatively simple - not complicated. Convert your thinking from points and dollars to percentages in both risk and money management. Trade with trend and hang in there for the big moves with daily, weekly, monthly and 52 week hi/lo as targets. Trade with a MINIMUM risk/reward ratio of 1 to 5 and shoot for a 1 to 3 win/loss ratio. Do the work necessary to be right a little more than 25% of the time and you will be fine. Chasing your tail (or worse someone else tail) thinking there are pivot points, Fibonacci, Elliott Wave or magic technical indicators is fruitless if you are new to trading. Learn the price action that markets and stocks repeat over and over again and take advantage. Avoid competing with hi frequency traders, scalpers and others that are better equipped to take your money than you are to take theirs. Remind yourself everyday that your principle objective is not "trading," but to "make money consistently through trading" and you will be fine. Deviate like most folks do and you will be introduced to the psychological pitfalls of trading of which have no limits to their depth. Good luck! IMG_4337 (1)
The following 16 users say Thank You to oliverburr for this post:
I don't see anything objectionable about YouTube traders. Some people like to talk. They like to interface with people. Most traders are fairly solitary, but that's not everyone.
I like to research traders on YouTube. Once in a while you find someone interesting. I generally like to figure out what they're doing i.e. reverse engineer their trades to see whether they're real traders or just actors. I don't follow anyone during trading hours, however. It's just research for me.
The following 4 users say Thank You to phantomtrader for this post:
I dont know any which is a shame , every profession eg Lawyers Doctors and even trades (electricians plumbers carpenters( ETC ) have avenues to learn, we do not .
But i ask, if you knew how to trade and were successful would you be telling others on YouTube how to do it. Have a look at Trading Webinars on futures io.
ShadowTrader (for Market Profile/Market Internals) - He was a game changer for me.
youtube.com/user/shadowtrader01
James Dalton (for Market Profile)
youtube.com/user/jdaltontrading
Peter Davies (for Price Ladder, he's all over futures.io YouTube channel) - He's the founder of Jigsaw Trading.
The late Mark Douglas (for trading psychology) He's not a YouTuber but rather an author. I highly recommend his books. He is no longer alive unfortunately but his video lectures are all over YouTube - some are hours long but worth every minute.
